If everything you do goes well, then making an insurance claim is a simple and stress-free process. if you take time to get all the details correct. This article will enlighten you the process of making insurance claim on insurance like home, car and travel. A little further down you’ll find more information on life and health insurance like private medical insurance, in come protection and critical illness cover.
What is Insurance Claim?
Insurance claim is an official demand to an insurance company asking for a payment based on the terms of the insurance policy. The insurance company will, have to inspect the claim for the validity and then pays out to the insured or requesting part on behalf of the insured once approved. Insurance claims protect everything from death benefits on the life insurance policies to routine and comprehensive medical exams.
How to File an Insurance Claim
Every state has laws that govern the process, therefore contact your state department of the insurance if you do have any questions. The following are steps to fill an auto insurance claim:
- You have to call your agent to know if you are the one at fault or not.
- Then follow the guidance your agent gives to you in order to provide all the documentation related to the accident and the file your claim. You may also need a police report as well.
- You have to properly keep all, your documentation and bills related to the accidents. The jot down all detailed notes following the conversations about the accident. You need to know who you spoke with and what they said, at what date and time and how to contact the person you spoke to.
- Then you need to find out from your agent the following:
- The time limitations for filling your claims and submitting bills.
- The time limitations for the resolving claim disputes.
- Then when you can expect the Insurance Company to contact you.
- Whether you need estimates for the changes.
- Whether your policy covers a rental car while your carb being repaired and how much it will cost.
These are the steps to be taken when you are filing an insurance claim.
Types of Insurance claims
People buy insurance to guide themselves from damage and unexpected such as illness, accidents, property damage and even natural disasters. The following below are lists of types of insurance claims:
- Health Insurance Claim.
- Homeowners Insurance Claims.
- Natural Disaster Insurance Claims
- Car Insurance Claims.
- General Insurance Claims.
- First party insurance claims.
The above listed are the types insurance claims.
How Will an Insurance Claim be paid?
Homeowner insurance also offers the several kinds of the coverage. The one you decide to have will have a very significant impact on how much you get to paid in a claim. The following are how insurance claims are been paid.
- Replacement Cost Settlements.
- Actual Cash Value Settlements.
Note: that there are only two ways that insurance claims can be paid.